On Christmas day, to provide better financial support for cooperative suppliers, Mascube specially invited Lou Yaodong, President of Shanghai Pudong Development Bank, and le xianbo, customer manager, to come to the company for sharing activities on supply chain finance. Mei Feiya, executive vice president, Zhang Yizhen, chief financial officer and other department managers attended the meeting to listen and learn. 

At the meeting, President Lou Yaodong shared his views on Supply Chain Finance: making relevant analysis on suppliers and focusing on the value that domestic and foreign suppliers can produce. As a foreign trade enterprise with 4000 suppliers, Mascube has a large number of customer resources. From the whole supply chain, both customers and suppliers have great potential.

Mascube has many suppliers, but also faces a lot of capital flow problems. In view of such problems, President Lou proposed to replace the traditional payment method with bank acceptance bill. In this way, we can solve the problem of difficult and expensive financing for suppliers, so as to ease the financial pressure of suppliers and lay the foundation for expanding production capacity. Enterprises will also get additional support from factories and suppliers, and the financial pressure will be reduced, which can be said to be a win-win strategy for enterprises and suppliers.

In view of this topic, we had a heated discussion. President Lou Yaodong and manager Zhang Yizhen answered all the questions about the conditions of issuing bank acceptance bills, term, discount rate, transfer and so on.

In this happy and warm Christmas, Mascube has prepared exquisite Christmas gifts for today's participants. Although the gift is small, it contains our gratitude. We are grateful for the long-term cooperation with Shanghai Pudong Development Bank in the past, and hope to continue to work together with you in the future.